Officers

William Downe, President

Lyle R. Knight, Vice
President

James E. Annable, Secretary

The Federal Advisory Council--a statutory body
established under the Federal Reserve Act--consults with, and advises,
the Board of Governors on all matters within the Board's jurisdiction.
It is composed of one representative from each Federal Reserve
District, chosen by the Reserve Bank in that District. The Federal
Reserve Act requires the council to meet in Washington, D.C., at least
four times a year. In 2008, it met on February 14-15, May 1-2,
September 4-5, and December 4-5. The council met with the Board on
February 15, May 2, September 5, and December 5, 2008.